Carnival Corporation & plc [CCL] is -46.07% lower this YTD. Is it still time to buy?


Carnival Corporation & plc [NYSE: CCL] surged by $1.2 during the normal trading session on Friday and reaching a high of $10.88 during the day while it closed the day at $10.85. The company report on June 24, 2022 that CARNIVAL CORPORATION & PLC PROVIDES SECOND QUARTER 2022 BUSINESS UPDATE.

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Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) provides second quarter 2022 business update.

U.S. GAAP net loss of $1.8 billion and adjusted net loss of $1.9 billion for the second quarter of 2022.

Carnival Corporation & plc stock has also gained 24.00% of its value over the past 7 days. However, CCL stock has declined by -41.32% in the 3 months of the year. Over the past six months meanwhile, it has lost -48.94% and lost -46.07% year-on date.

The market cap for CCL stock reached $10.80 billion, with 1.14 billion shares outstanding and 898.72 million shares in the current float. Compared to the average trading volume of 39.84M shares, CCL reached a trading volume of 84708344 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Carnival Corporation & plc [CCL]:

Susquehanna have made an estimate for Carnival Corporation & plc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on June 09, 2022. While these analysts kept the previous recommendation, Wells Fargo raised their target price to Underweight. The new note on the price target was released on March 30, 2022, representing the official price target for Carnival Corporation & plc stock.

The Average True Range (ATR) for Carnival Corporation & plc is set at 0.84, with the Price to Sales ratio for CCL stock in the period of the last 12 months amounting to 3.08. The Price to Book ratio for the last quarter was 1.20, with the Price to Cash per share for the same quarter was set at 6.96.

CCL stock trade performance evaluation

Carnival Corporation & plc [CCL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 24.00. With this latest performance, CCL shares dropped by -7.74% in over the last four-week period, additionally sinking by -48.94% over the last 6 months – not to mention a drop of -60.49% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CCL stock in for the last two-week period is set at 42.69, with the RSI for the last a single of trading hit 48.42, and the three-weeks RSI is set at 40.46 for Carnival Corporation & plc [CCL]. The present Moving Average for the last 50 days of trading for this stock 14.37, while it was recorded at 9.86 for the last single week of trading, and 19.39 for the last 200 days.

Carnival Corporation & plc [CCL]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Carnival Corporation & plc [CCL] shares currently have an operating margin of -328.14 and a Gross Margin at -230.03. Carnival Corporation & plc’s Net Margin is presently recorded at -497.96.

Return on Equity for this stock declined to -58.11, with Return on Assets sitting at -17.77.

Carnival Corporation & plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 0.70.

Earnings per share (EPS) analysis for Carnival Corporation & plc [CCL] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CCL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Carnival Corporation & plc go to 9.95%.

Carnival Corporation & plc [CCL]: Insider Ownership positions

There are presently around $5,640 million, or 53.50% of CCL stock, in the hands of institutional investors. The top three institutional holders of CCL stocks are: VANGUARD GROUP INC with ownership of 90,114,182, which is approximately 3.59% of the company’s market cap and around 0.20% of the total institutional ownership; PUBLIC INVESTMENT FUND, holding 50,830,926 shares of the stock with an approximate value of $551.52 million in CCL stocks shares; and BLACKROCK INC., currently with $550.45 million in CCL stock with ownership of nearly 2.152% of the company’s market capitalization.

Positions in Carnival Corporation & plc stocks held by institutional investors increased at the end of June and at the time of the June reporting period, where 311 institutional holders increased their position in Carnival Corporation & plc [NYSE:CCL] by around 32,775,967 shares. Additionally, 353 investors decreased positions by around 38,109,073 shares, while 185 investors held positions by with 448,963,151 shares. The mentioned changes placed institutional holdings at 519,848,191 shares, according to the latest SEC report filing. CCL stock had 75 new institutional investments in for a total of 8,860,085 shares, while 108 institutional investors sold positions of 12,903,993 shares during the same period.